- ISIN
- US38145C3152
- CUSIP
- 38145C315
- Issuer
- Goldman Sachs
- Inception Date
- Mar 23, 2004
- Category
- Large Cap Blend Equities, Dividend
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GSRAX Performance Chart
Goldman Sachs Rising Dividend Growth Fund (GSRAX) is up 11.6% since the beginning of the year. GSRAX is currently trading at $12 per share. Investors who bought $1,000 worth of GSRAX shares 5 years ago would now be looking at an investment worth $1,832.
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Returns By Period
Goldman Sachs Rising Dividend Growth Fund (GSRAX) has returned 11.61% so far this year and 19.04% over the past 12 months. Over the last ten years, GSRAX has returned 12.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs Rising Dividend Growth Fund
- 1D
- 0.86%
- 1M
- 2.43%
- YTD
- 11.61%
- 6M
- 10.74%
- 1Y
- 19.04%
- 3Y*
- 18.05%
- 5Y*
- 12.87%
- 10Y*
- 12.78%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSRAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, GSRAX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +13.5%, while the worst month was Mar 2020 at -18.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GSRAX closed higher 52% of trading days. The best single day was Dec 12, 2024 with a return of +25.2%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.87% | 2.36% | -5.36% | 7.72% | 1.14% | 1.82% | 11.61% | ||||||
| 2025 | 4.22% | -1.03% | -4.61% | -3.01% | 3.95% | 3.87% | 0.70% | 2.17% | 1.10% | -0.76% | 0.00% | 0.29% | 6.66% |
| 2024 | 0.09% | 4.24% | 3.58% | -4.44% | 3.61% | 1.93% | 3.11% | 1.43% | 1.56% | -3.17% | 6.30% | 5.72% | 26.07% |
| 2023 | 6.50% | -2.83% | 0.35% | 0.92% | -3.36% | 7.10% | 3.57% | -2.24% | -4.31% | -2.32% | 8.84% | 5.17% | 17.49% |
| 2022 | -3.75% | -1.43% | 2.72% | -5.75% | 1.92% | -8.78% | 9.53% | -2.38% | -9.25% | 10.01% | 6.23% | -4.77% | -7.78% |
| 2021 | 0.72% | 4.19% | 5.46% | 5.22% | 1.94% | 1.57% | 1.43% | 1.63% | -2.76% | 5.40% | -2.02% | 5.35% | 31.47% |
Benchmark Metrics
Goldman Sachs Rising Dividend Growth Fund has an annualized alpha of 1.40%, beta of 0.86, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.83%) than losses (83.23%) - typical of diversified or defensive assets.
- With beta of 0.86 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.40%
- Beta
- 0.86
- R²
- 0.80
- Upside Capture
- 84.83%
- Downside Capture
- 83.23%
Expense Ratio
GSRAX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GSRAX ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Rising Dividend Growth Fund (GSRAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.78 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.44 | -2.65 |
Dividends
Dividend History
Goldman Sachs Rising Dividend Growth Fund provided a 11.34% dividend yield over the last twelve months, with an annual payout of $1.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.34 | $1.29 | $2.88 | $1.09 | $1.49 | $1.51 | $0.49 | $1.27 | $9.40 | $4.27 | $0.65 | $0.18 |
Dividend yield | 11.34% | 12.17% | 25.88% | 9.60% | 14.01% | 11.55% | 4.39% | 11.85% | 97.89% | 21.56% | 3.16% | 0.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Rising Dividend Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.19 | $1.29 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $2.73 | $2.88 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.71 | $1.09 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.49 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.21 | $1.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Rising Dividend Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Rising Dividend Growth Fund was 44.40%, occurring on Mar 9, 2009. Recovery took 467 trading sessions.
The current Goldman Sachs Rising Dividend Growth Fund drawdown is 1.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -44.40%Mar 2009 | 1y 7mo | 1y 10mo | 3y 6moJul 2007 - Jan 2011 |
COVID crash2020 | -38.97%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
2025 selloff2025 | -25.43%Apr 2025 | 3mo 26d | 1y 1mo | 1y 5moDec 2024 - May 2026 |
2016 bear market2016 | -20.00%Feb 2016 | 8mo 28d | 1y | 1y 8moMay 2015 - Feb 2017 |
Rate-hike selloffLate 2018 | -19.48%Dec 2018 | 3mo 1d | 4mo | 7mo 1dSep 2018 - Apr 2019 |
Drawdown Indicators
| GSRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -56.78% | +12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -9.10% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -18.90% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -25.43% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.97% | -33.92% | -5.05% |
Current DrawdownCurrent decline from peak | -1.09% | -1.80% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -10.71% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.03% | -0.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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